Source: Economic Daily
China is a super-large economy with long-term high growth characteristics and an important source of power for world economic growth. China's economy has very typical characteristics of a large country economy, that is, the integrity of the economic system is strong and the ability to self-cycle is strong. Focusing on expanding domestic demand and relying on the docking of China's production capacity and the domestic market, we can comprehensively smooth the domestic economic cycle and drive China's economy to continue to rebound. This is of great importance to China taking advantage of the momentum to embark on a new journey of comprehensively building a modern socialist country and march toward the goal of the second centenary struggle; it is also of strategic significance for promoting world economic development and economic globalization.
The data show that the stock of China's working-age population is huge, and the supply of human resources is abundant compared with the needs of economic growth. In recent years, the cooperation between enterprises and scientific research institutes has significantly strengthened the application technology research and development activities, and the market-led application technology research and development and the state-led basic major core technology research and development are accelerating. At the same time, China has a super-large-scale domestic demand market formed by 1.4 billion people, including more than 400 million middle-income groups, and is in the stage of rapid development of new industrialization, informatization, urbanization and agricultural modernization, and has great potential for investment demand.
Under the influence of complex factors such as the impact of the new crown pneumonia epidemic, the world economy still has great instability and uncertainty, so expanding domestic demand is still the main supporting force for the sustained recovery of China's economy this year. We must continue to firmly grasp the strategic basis of expanding domestic demand, take multiple measures to smooth the economic cycle, accelerate the construction of a new development pattern with the domestic cycle as the main body and the domestic and international dual cycles promoting each other, and we must achieve greater practical results.
Under the premise of firmly implementing the strategy of expanding domestic demand and further resolving the contradiction of insufficient demand, the domestic cycle will be fully smooth, and China's economy will enter a sustained recovery track driven by the comprehensive recovery of market demand. The strong recovery of China's economy will inevitably form a strong pull on the world economy from the two aspects of supply chain and market demand, and become an important source of power for the world economy to get out of its predicament. This will certainly lead to the comprehensive recovery and strengthening of global economic cooperation and development activities, and promote economic globalization to overcome adverse currents and move to a higher level. (Source: Economic Daily - China Economic Network)
![Zhang Liqun: Achieving full employment is an important way to promote the expansion of middle-income groups[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)